Just Eat (LON:JE) was upgraded by stock analysts at Barclays to an “overweight” rating in a report released on Thursday. The firm presently has a GBX 1,000 ($13.56) price objective on the stock, up from their previous price objective of GBX 700 ($9.49). Barclays’ price target indicates a potential upside of 25.25% from the stock’s previous close.
Several other analysts have also commented on the company. Peel Hunt reaffirmed a “buy” rating and set a GBX 895 ($12.14) target price on shares of Just Eat in a report on Wednesday, January 3rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 967 ($13.11) target price on shares of Just Eat in a report on Friday, December 15th. Deutsche Bank reaffirmed a “hold” rating and set a GBX 830 ($11.26) target price on shares of Just Eat in a report on Monday, December 4th. Goldman Sachs Group reaffirmed a “conviction-buy” rating and set a GBX 920 ($12.48) target price on shares of Just Eat in a report on Friday, November 24th. Finally, Liberum Capital began coverage on Just Eat in a report on Wednesday, November 8th. They set a “buy” rating and a GBX 880 ($11.93) target price on the stock. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 840.64 ($11.40).
Just Eat (LON JE) opened at GBX 798.40 ($10.83) on Thursday. The firm has a market capitalization of $5,220.00 and a PE ratio of 6,653.33. Just Eat has a 1-year low of GBX 495.07 ($6.71) and a 1-year high of GBX 827 ($11.22).
In other news, insider Frederic Coorevits sold 13,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of GBX 760 ($10.31), for a total value of £102,600,000 ($139,137,510.17).
About Just Eat
Just Eat plc is a United Kingdom-based operator of digital marketplace for takeaway food delivery. The Company’s segments include the UK, Australia & New Zealand, Established Markets and Developing Markets. The Established Markets includes Benelux, Canada, Denmark, France, Ireland, Norway and Switzerland.
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